IndyCar Series might lose Rahal Letterman team

The economy is not just taking its toll on NASCAR. It's wreaking havoc in the IndyCar Series as well.

Rahal Letterman, the team that brought up Danica Patrick and won the 2004 Indianapolis 500 with Buddy Rice, might be parked for the 2009 season unless sponsorship is found.

Rahal Letterman Racing, the IndyCar Series team owned by 1986 Indianapolis 500 winner Bobby Rahal and talk-show host David Letterman, is in danger of missing this season.

Rahal said today that "as of this time we do not have any sponsorship that will allow us to compete." But he said in a statement that the team continued trying to secure a sponsor and "there is still time for us to put something together."